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justxdrive justxdrive
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A year ago
Juanita purchased a rental property for $100,000, put a $20,000 down payment on the home, and borrowed $80,000 to finance the remainder. She rents the home for $1,000 per month and during the first year did not have any maintenance expenses on the home. She paid a total of $7,500 in interest on the loan the first year. The home appreciated 4% the first year. What is Juanita's total return on investment in the first year?

▸ 12.5%

▸ 26.5%

▸ 8.5%

▸ 42.5%
Textbook 
Personal Finance

Personal Finance


Edition: 2nd
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livewelldreambilivewelldreambi
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A year ago
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You make an excellent tutor!
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